Not all people are bad at money

There are 400 Junior ISA (JISA) accounts held in the UK with a value of at least £100,000, according to a Freedom of Information (FOI) request submitted by Standard Life, part of Phoenix Group, as part of its analysis into the long-term impact of saving and investing for children.

Across the UK, many parents are setting their children up with savings to access when they reach adulthood, with the FOI request revealing there are 2,170,000 JISAs held, which will be passed onto the child recipient once they reach 16 years old. These contain an average value of £4,370, with the majority of accounts having up to £25,000 saved:

Market Value Range	Number of Junior ISA accounts
£0 – £24,999	2,100,100
£25,000 – £49,999	55,400
£50,000 – £74,999	11,800
£75,000 – £99,999	2,400
£100,000+	400

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